Property for sale in El Andalous, Hurghada, Red Sea

11/29/2006 - selectoverseas.com

El Andalous, Hurghada, Red Sea Al Bahr al Ahmar Egypt Apartment for sale, with 2 bedrooms and 1 bathrooms only 56,727 GBP . Size of Apartment is 70 sq m this listing by selectoverseas.com on 29 November 2006. Quote ref. 191. Property View 1 Property View 2 Aerial View Area Attractions

Apartment in El Andalous, Hurghada, Red Sea Al Bahr al Ahmar, Egypt

Property in Al Bahr al Ahmar | Property in Egypt | Back

Property for sale in El Andalous, Hurghada, Red Sea

Bedrooms: 2

Bathrooms: 1

Size: 70 sq m

Price: 56,727 GBP

(EUROS) € 70,744
(GBP) £ 56,727
(US) $ 112,365

Finance this property from 168.76 GBP (€ 210.46/ £ 168.76/ $ 334.29) per month - see our Egypt mortgages info

Apartment Description

Sahl Hasheesh (or Green Valley) is more than just a resort. It is a real town that combines all the facilities of a top resort with the atmosphere of a lively port. This green place on the Red Sea will expand over an area of 32 million square metres bordered by a sandy beach, 12.5 kilometres long.

Property size in terms of square meters is yet to be confirmed and therefore should not be considered accurate.

180 million euros have so far been invested just for the roads, water pipes, earthworks and electric cables.

The resort community of Sahl Hasheesh is just 20km from Hurghada's international airport, and has a marina, four 18-hole golf courses, bars, restaurants, hotels, sports and leisure facilities, retail centre and of course, superb diving and snorkelling.

It is a mega-project that heralds the beginning of a new era for tourism in Egypt.

Available now are 1, 2 and 3 bedroom apartments and 3 bedroom detached villas.

500 units are currently available and the resort will expand to include palatial 6 and 7 bedroom properties.

General completion is planned for 2007.

Bathrooms x 2
Terraces x 1
Open plan layout.
En suite bathrooms x 1
Close to golf.
Close to beach.
On resort W.C x 1.
Panoramic views.
Close to amenities.
Off-road parking.
Communal pool.
Communal gardens.
Sea, pool or golf views.
Excellent payment terms.
Beach front location.

Payment Terms:

- £2,000 Reservation
- 20% on contract
- 20% after 2 months
- 40% after construction (approx. 1 year)
- 15% on completion
- 5% on product satisfaction.

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Egypt Mortgages: Example for REF 191

( Apartment in El Andalous, Hurghada, Red Sea Al Bahr al Ahmar, Egypt )

Interest only mortgage

Example APR = 5.1 %
Example Mortgage Term = 30 years
30% Deposit = 17,018 GBP
70 % Financed = 39,709 GBP
Monthly mortgage repayment = 168.76 GBP (€ 210.46/ £ 168.76/ $ 334.29)

Capital repayment mortgage:

Example APR = 5.1 %
Example Mortgage Term = 30 years
30% Deposit = 17,018 GBP
70 % Financed = 39,709 GBP
Monthly mortgage repayment = 215.6 GBP (€ 268.87/ £ 215.6/ $ 427.06)

Correct as at Saturday, September 06, 2008